Redstone Financing Sample Clauses

Redstone Financing. Redstone shall prepare and submit the necessary applications for the financing of the Redstone Project in such amounts as will be required for the full construction of the Redstone Project. Either party shall have the right to terminate this Agreement “for reasonable cause” during the Permit Phase. As used herein, “for reasonable cause” shall mean that either an appeal has been filed under one of the required permits or a permit condition has been required under one of the required permits and in the opinion of either party, the appeal or permit condition will interfere with the financial feasibility of the Project, certain material legal interests as detailed in this section cannot be obtained or finalized, or financing is not obtained. Before terminating this Agreement during the Permit Phase, the terminating party shall work in good faith with the other party for a reasonable time frame not to exceed 30 days in order to resolve the issues of concern. Unless the parties otherwise agree to continue following their discussions, the terminating party may terminate this Agreement by providing written notice to the other. In the event of Redstone’s termination, the remaining balance of the Deposit shall be delivered to the City and all of Redstone’s work-product, including the Plans generated during the Permit Phase or otherwise shall be assigned to, and shall become the property of, the City. In the event of the City’s termination, the remaining balance of the Deposit shall be refunded to Redstone, and all of Redstone’s work-product, including the Plans generated during the Permit Phase or otherwise shall be assigned to, and shall become the property of, the City. The Permit Phase shall be complete upon the earlier of nine (9) months after the expiration of the Pre-Permitting and Design Phase, as the same may be extended as set forth above, or the date that all of the following conditions are satisfied: (A) all necessary and final City of Montpelier, State of Vermont and federal permits have been issued for the Project without appeal; (B) all necessary legal rights and easements have been obtained to proceed with the Project; (C) the final CAP approval has been issued by both the DEC and EPA; (D) all legal requirements for the business structure/ownership of the Project have been completed; and (E) a commitment for adequate Redstone Project financing has been issued (the “Permit Phase Completion Date”). To the extent that items (A)-(E) referenced in this par...
Sample 1
AutoNDA by SimpleDocs

Related to Redstone Financing

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Equity Financing If there is an Equity Financing before the expiration or termination of this instrument, the Company will automatically issue to the Investor a number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Conversion Price. In connection with the issuance of Safe Preferred Stock by the Company to the Investor pursuant to this Section 1(a):

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Third Party Financing If Product acquisitions are financed through any third party financing, Contractor may be required as a condition of Contract Award to agree to the terms and conditions of a “Consent & Acknowledgment Agreement” in a form acceptable to the Commissioner.

  • No Financing Contingency Purchaser understands and agrees that this Agreement is not contingent upon Purchaser obtaining financing for Closing. Purchaser shall be solely responsible for making Purchaser’s own financial arrangements to enable Purchaser to pay Seller for the Unit and Purchaser acknowledges that the satisfaction of any condition imposed by a lender is solely at Purchaser’s risk, including, without limitation, the risk of any downward fluctuation in the value of the Unit.

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Financing Arrangement 5.2.1 The Developer shall at its own cost, expenses and risk make such financing arrangement as would be necessary to implement the Project and to meet all of its obligations under this Agreement, in a timely manner.

  • Online Banking Transactions At the present time, you may use Online Banking to: • Transfer funds between your savings, checking, and Club accounts. • Withdraw funds from your savings, checking, and Club accounts. • Make loan payments from your savings, checking and Club accounts. • Obtain account balance and transaction history on your savings, checking, and Club accounts. • Obtain information on your loan account balance, transaction history, payment due dates, loan payoff amounts and finance charges. • Review available copies of eStatements and tax information. • Make bill payments from your checking account using the Bill Pay service. Transactions involving your savings and checking accounts will be subject to the terms of your Membership and Account Agreement. Transactions involving your loan accounts will be subject to your applicable Loan Agreement and Disclosures.

  • Land Acquisition and Resettlement 8. The Borrower shall cause NHA to ensure that all land acquisition and resettlement proceed in accordance with applicable laws, and ADB’s Policy on Involuntary Resettlement, as well as in accordance with the framework set out in the agreed upon resettlement plan.

Time is Money Join Law Insider Premium to draft better contracts faster.